Law Offices of Frank R. Cruz Encourages Blaize Holdings, Inc. (BZAI) Shareholders To Inquire About Securities Fraud Class Action

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Blaize Holdings (“Blaize” or the “Company”) (NASDAQ: BZAI) common stock between July 18, 2025 and April 28, 2026, inclusive (the “Class Period”). Blaize Holdings, Inc. investors have until October 5, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR BLAIZE INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at [e-mail], by telephone at [phone], or visit our website at www.frankcruzlaw.com.

What Happened?

On April 28, 2026, Pelican Way Research (“Pelican”) published a report entitled “Blaize AI: Running Up The Share Price Based on a Seemingly Bogus Deal, Conveniently Timed for Massive Dilution” (the “Report”).

In the Report, Pelican announced in part that: We are short Blaize AI because we believe they have artificially boosted their share price by engaging in a bogus deal with a 4-month-old counterparty whose website features “products” that appear to be photoshopped to add the Blaize logo. [. . .] WhoIs data for the NeoTensr website and found that the domain was registered on December 18th, 2025, just a few months before this supposed deal was announced. In review, the timing appears highly suspicious.

On this news, the price of Blaize stock fell by $0.26 per share, or 12.03%, to close at $1.90 on April 28, 2026, thereby injuring investors.

What Is The Lawsuit About?

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Blaize announced transactions with entities wholly unequipped to conduct meaningful business in order to create an appearance of growth; (2) Blaize improperly recognized revenue; and (3) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Contact Us To Participate or Learn More:

If you purchased Blaize common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: [phone]
Email: [e-mail]
Visit our website at: www.frankcruzlaw.com

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